Intel Shares Jump 6% on 18A Ramp and Data Center CPU Demand
Updated
Updated · Seeking Alpha · Jun 3
Intel Shares Jump 6% on 18A Ramp and Data Center CPU Demand
3 articles · Updated · Seeking Alpha · Jun 3
Summary
Intel rose about 6% in premarket trading Wednesday after executives pointed to increasing supply from its Intel 3 and 18A manufacturing nodes.
Data center CPU demand also underpinned the move, with management signaling near-term strength in one of Intel's most important end markets.
The gains suggest investors took the supply ramp as evidence Intel is advancing its next-generation process rollout while seeing healthier demand for server chips.